A $100 million mandate has been awarded to global natural resources fund manager 90 West Asset Management by an Australian industry superannuation fund.
Managing director of 90 West, Clive Landale, said receiving the large mandate four years after the company's inception was testament to the team's work in establishing itself as a leading specialist in global natural resources fund management, and in growing the fund's footprint over the last 12 months.
"Our team had been working to ensure that 90 West has exceptional portfolio management and compliance infrastructure, ready to meet the demands of institutional – as well as retail – investors.
"Our investment manager David Whitten has been successfully investing in this asset class for more than 30 years, and I have been involved in the resources markets as a farmer, adviser and investor for over 30 years," he said.
Whitten said it was pleasing to see investors catch on to the opportunities from global natural resources.
"Our favorable long-term view of the investment merits of natural resource equities remains intact," he said.
"The long-term trends of increasing population, prosperity and urbanisation characterised by many populous Asian and other emerging countries has lead to increasing global consumption of natural resource minerals, energy and food.
"It is 90 West's view that these long-term demand drivers, combined with constrained supply for some commodities, provide a favourable investment climate, particularly in selective, high-quality agriculture, energy and mining shares," Whitten said.
